🇵🇾 Paraguay
What changed since yesterday
- Geopolitics
Paraguay's President Pena impeached and removed over Ueno Bank collapse
The lower house voted to impeach Pena minutes after he announced his resignation, and the Senate unanimously removed him on Nov. 5. Vice President Pedro Alliana was sworn in on Nov. 7 to serve the rest of the term to 2028, and Pena has been charged with corruption.
Geopolitics & Diplomacy
Pena impeached and removed over Ueno Bank collapse; Vice President Alliana takes over, corruption charges filed
Paraguay's Senate impeached and removed President Santiago Pena on Nov. 5 over the insolvency collapse of Ueno Bank, which served about 2.9 million customers, roughly 60% of the adult population. Vice President Pedro Alliana was sworn in and will serve the rest of the term to August 2028. The lower house voted unanimously to impeach him minutes after he announced his resignation (AP). Prosecutors charged him with corruption, alleging he intervened in decisions on placing and keeping public and pension funds at Ueno, and raided his home; he denies wrongdoing. One report says he was arrested, but that is not independently confirmed (single-source report). On Nov. 10 Alliana said about 1.74 million depositors had received $330 million from the deposit guarantee fund and vowed to recover pension money. The fall of a staunch Trump ally also reverberates in regional diplomacy.
Sources: opb.orgas-coa.org